I'm upbeat about the managed services market and the IT channel, but I wonder: Will the mortgage crisis at Fannie Mae, Freddie Mac and IndyMac Bankcorp (among others) begin to impact small business IT spending, lending to small businesses, and the IT channel as a whole?
Unfortunately, I think this is a dangerous time in the history of financial media. Many of us (myself included) spend considerable time reading IT media sites and investment gossip sites that feature perspectives and opinions -- rather than in-depth investigative reporting.
If you're ignoring the financial crisis and hope it goes away, check out some of this coverage:
- Fannie, Freddie Fallout: From Taxpayers to Wall Street to Main Street
- National City Plunges Amid Broad Bank Fears
- Fannie, Freddie Are In Trouble: Should We Care?
As a small business co-owner myself, I try not to worry too much about stock market swings -- up or down. But bigger trends, such as the mortgage crisis, are worth watching closely. If the residential mortgage crisis begins to spill over into the commercial market, small businesses could have a more difficult time borrowing money to fund new ideas.
That's just a thesis -- or a fear -- of mine. But I wonder: Are VARs and small businesses starting to worry about a credit crunch?